Friday, August 5, 2016

6 Questions To Ask When Budgeting for First Condo Expenses

While it might be true that spending more than what you can make can be fun, but at the end, it can be a regret later on. Of course, it is not fun about paying the interest on the money you have already spent. Sometimes, managing money can be overwhelming. It takes a lot of thinking before you spend your money on to something. How much more when you are planning to invest in a condo for rent in Alveo Bonifacio Global City? You need to be mindful of the things you purchased, or anything that involves money.

However, budgeting is one of the common problems for most renters. Considering that there are a lot of temptations all over the place – foods, clothes, gadgets, etc. saving might be the least thing you can ever think. As a renter, it is a must for you to save and budget your finances carefully to make sure you can pay your monthly dues. But if you do not have any idea at all on what and what not to do when it comes to budgeting, then you might want to refer to questions below:

1. How much is the rent?

One important thing you must know when it comes to renting a condo is knowing how much you should pay for the rent. If the rent of the condo is too expensive for you to afford, then you need to make some adjustments on your daily expenses. With this, you can ensure that you can pay your monthly dues.

2. How much will your utility bill be?

Most renters will know exactly how much their utility bill will be since bills are most likely to change from month to month. But that does not mean you are not going to think about it anymore. Perhaps, you can talk with the landlord and other tenants to see how much the average utility bill will cost. Also, you can do some surveys to estimate how much your utility will be.

3. How far from work is the condo?

One big factor when it comes to budgeting is the distance of your condo to your working place. If you are a commuter, you should also know how to budget your fare in going to and from your condo. And if you have a private car, you also have to budget your money for the gasoline. With this, it gives a big impact on the money when saving or budgeting. That is why it is best to choose condos that are near your working place to save more.

4. How far from town is the condo?

Before you choose a condo unit, you have to figure out how far it is from the basic services such as the grocery store, gas station, hospital, etc. These places you may need to get to quickly especially when it comes to emergencies. Moreover, the distance of your condo to the place you want to go can also cost you time and money in gas.

5. How far is the condo from activities and places where you like to hang out?

Aside from the basic services, you also have to consider the places where you can hang out with your family and friends. Of course, there are just times you want to chill and have fun after a long and tiring day at work. However, if these places are far away from your condo, this might not be a good way to enjoy it considering the travel time.

6. How far is the condo from your friends' places?

There's nothing fun and exciting than visiting your friends' houses, right? That means, if your condo and their house are just near, then you will not have to worry about a tiring travel time. Of course, you will also not feel and look haggard especially when you are stuck in heavy traffic.